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What ‘Patchwork’ eCommerce Taxes Mean For Black Friday – And Beyond

PYMNTS

There have been some notable efforts by states to take some of the guesswork out of the occasion. Maryland, said Peterson, has constructed a database that lists all the items that are taxable in the state. Audits may increase as states share data with one another about smaller firms that log sales in several locations.

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Here’s Why Maryland Paid the IRS $5.4 Million in Taxes

CPA Practice

2—Maryland has paid $5.4 million to the Internal Revenue Service after a rare IRS audit of the state found it owed millions of dollars in taxes in 2020. But I don’t think it’s malicious or cause for concern for the average Maryland taxpayer.” It might be the first time the state has ever been audited,” Lierman said.

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